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Replies to post #23077 on ProGreen US Inc. (fka PGUS)
07/04/16 2:34 PM
This is different than what weve witnessed in the past as otc markets and electronic trading is adapting/growing. Not hard to see once one pins down the algorithm cpu bs etc. Weird trades on many plays across the boards 10200s 20400s 200s 100s are a few signs. Not just someone painting here and there most the time etc.
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Im tryin to scramble to write this as im crunched for time lol. I wanted to add also if see weird 5-6 digit prints ie 00663 trade too and or along with the 10200s 20400s 40800s 200s 100s one can really see whats up first hand as well. Not just dilution trades at those extra decimal places. Most think it is at this point. Or one will also see the notorious cdel nite 10k offers that wont go away after hit multiple times. As well as immedietly down ticking or bid hitting following purchases. Sure sometimes those offers and sells are indeed dilution etc but lately its been happening on most every company ive seen so far in otcland.
The way to really see the light is when it happens on companies that have ZERO dilution. Then one can really see whats happening if using etrade to purchase shares or just if the majority of shares in a particular stock have a concentrated etrade position there. Which most do as etrade is the most popular broker nowadays accounting for the bulk of otc retail trades. It is a algorithm whom is selling phantoms and taking advantage of us retail traders/investors IMO via etrade and certain mms/clearing firms(Citadel mm cdel IMO which is evident if one watches this happen first hand)! But it is a flawed algo! Seen some algos pop up few years back but now it has been evolving like mad in this arena. Similar to high frequency algos on big boards. It is definitely wrong and to me seems highly illegal they can do this. Using it against us traders/investors as well as against most every companies well being. Holding companies down and playing with inventory they never really had to begin with. If someone starts buying a stock thru ones etrade and mysteriously all this extra stock shows up via those certain mms I mentioned then is easy to see it happen. As well as same amounts hitting bids and being offered as have mentioned too. Few different tell tale signs of this once one sees the light. And then the games begin.
Almost similar to what happened with the naked shorting of Overstock years ago. They fought hard to beat them and eventually did after a tough battle. That was from naked shorting and subsequent covering that took place when they were forced to come up with all that stock they toyed with. Can dig into lots of articles about Overstock and whats happening in otcland across the board is similar. With few more KEY elements at play of an adapting/changing/evolving computerized robotic, naked shorting, phantom selling program imo(get it?lol).
My take is the algos take it for granted that most will sell out for losses at some point if a stock dont move up much in the short term after one buys. Or this algo gets their stock back cheaper from other avenues ie dilution/toxic stuff that hits these markets on a regular basis. Sometimes then they are able to even out their books intraday instead of over days,weeks,months. This can indeed be broken via a company catalyst hitting especially if non etrade retailers come in and or if they get caught messing around too much and are forced to get inventory back in general. Been some huge runs that this did indeed occur. Also to note sometimes their inventory from day before they supposedly had stacked on offers disappears off the offers the following days mysteriously after messing around like mad days prior. Its insane.
Citadel and KCG are among several firms being examined in a separate probe by the New York State Attorney General. New York authorities are examining firms that buy and sell the flow of trading orders placed by investors, according to a person familiar with that investigation. The authorities are also looking at other practices in the world of high-speed stock trading that may disadvantage retail investors. Citadel and KCG declined to comment on that inquiry.
As of December 31, 2015, our operating segments comprised the following:
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Market Making— Our Market Making segment principally consists of market making in the cash, futures and options markets across global equities, options, fixed income, currencies and commodities. As a market maker, we commit capital on a principal basis by offering to buy securities from, or sell securities to, broker dealers, banks and institutions. Principal trading in the Market Making segment primarily consists of direct-to-client and non-client exchange-based electronic market making, including trade executions conducted as an equities Designated Market Maker (“DMM”) on the New York Stock Exchange ("NYSE") and NYSE Amex Equities ("NYSE Amex"). We are an active participant on all major global equity and futures exchanges and also trade on substantially all domestic electronic options exchanges. As a complement to electronic market making, our cash trading business handles specialized orders and also transacts on the OTC Bulletin Board marketplaces operated by the OTC Markets Group Inc. and the Alternative Investment Market of the London Stock Exchange ("AIM")
On February 4, 2016, we entered into an asset purchase agreement with Citadel Securities LLC (“Citadel”), pursuant to which we agreed to sell our NYSE DMM business to Citadel. The transaction is expected to close during the second quarter of 2016. See "Subsequent Events" included later in this section for further details.
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